M&G PLC, through M&G Investment Management Limited, has disclosed a 2.05% interest in DS Smith PLC. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that M&G owns and/or controls 28,415,718 relevant securities of DS Smith PLC. The disclosure was made on 22 July 2024, with the latest practicable date prior to the disclosure being 19 July 2024. M&G also stated that it does not have discretion regarding voting rights in respect of 70,821 shares included in the total disclosed. Additionally, M&G disclosed a sale of 394 securities at a price of £4.4760 per unit. No indemnity or other dealing arrangements were reported, and no agreements, arrangements, or understandings relating to options or derivatives were disclosed. No supplemental form was attached to the disclosure.